In August 2011 Straumann announced that it will purchase own shares worth a maximum of CHF 100 million. The shares were purchased on the open market between 1 September 2011 and 31 August 2012. The purchased registered shares will be used for Straumann’s employee share plans.
Recent M&A transactions have substantially reduced Straumann’s high cash position since the start of the initative, such that the Group has decided not to extend its Treasury Share purchase initiative. In total the Group purchased 213‘970 shares (equivalent 1,36% of the share capital) in the program for a total of CHF 30,84 million. The average purchase price amounted to CHF 144,13.
Please find below a summary of the trading activities since the start of the initiative:
|Period||Shares bought||Shares sold|